Indicate whether the following statements are True or False
(i) Directors are the actual owners of a company.
(ii) A company has to be compulsorily registered under the Companies Act, 1956.
(iii) A company cannot enter into contracts in its own name
(iv) If all the members of a company die, then the company has to be wound up (i.e., dissolved).
Answers:
(i) False
(ii) True
(iii) False
(iv) False.